23 APRIL 1927, Page 3

Somebody else, not appeased by the relatively mild proposal for

the nationalization of the banks, suggested that currency should be abolished and that the nation should return to barter. One almost wishes that this could be done for a few months just in order that those who will not read the humorous Bastiat should learn from experience what the embarrassments of barter really are. Mr. Keynes's writings less than half digested are having some strange results. Even a member of the I.L.P. would not formerly have said with a perfectly straight face that the printing press will give a Labour Government all the currency it wants. So grows the doctrine of a managed currency. * * * *